UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Sections 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event
reported): December 30, 2005
GRAPHIC PACKAGING CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware |
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1-13182 |
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58-2205241 |
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(State or other jurisdiction |
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(Commission File Number) |
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(I.R.S. Employer |
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of incorporation) |
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Identification No.) |
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814 Livingston Court |
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Marietta, Georgia 30067 |
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(Address of principal executive offices) |
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(Zip Code) |
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(770) 644-3000 |
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(Registrant’s telephone number, including area code) |
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 2.05. Costs Associated with Exit or Disposal Activities.
Effective December 30, 2005, Graphic Packaging Corporation (the “Company”) completed a reduction in force affecting 62 corporate and divisional support staff. The Company will take a one-time charge of approximately $5 million for severance and related costs in the fourth quarter of 2005. Other than cash payments related to this charge, the Company does not expect to incur or pay any material additional amounts in connection with this reduction in force in 2006. The Company took this action to reduce on-going operating expenses in future periods.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
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GRAPHIC PACKAGING CORPORATION |
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(Registrant) |
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Date: January 3, 2006 |
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/s/ Stephen A. Hellrung |
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Stephen A. Hellrung |
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Senior Vice President, General |
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Counsel and Secretary |
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